Developer Steller is set to launch four medium density developments in Melbourne's inner south east, taking its pipeline of projects to over 44 developments.
Steller's four new developments will be erected in Highett, Armadale, Balaclava and Cheltenham, with three to launch this month and another one in April.
The new developments are:
481 Highett - Highett
Wattletree - Armadale
The Avenue – Balaclava
19 Hall St - Cheltenham
19 Hall Street, Cheltenham[/caption]“All Steller developments are sized larger and designed to appeal to the owner occupiers as they are our main target market. This, in-turn, attracts the astute investor that realises the value they have investing in a complex that is predominantly owner occupied. This leaves their rental property as a minority, which makes it easier to lease and faster to resell,” said Mr Cirelli.
481 Highett, Highett[/caption]He said the suburbs that Steller's developments were located in provided access to Melbourne's public school zones.
"People are always going to want to be in a place of convenience, especially in regards to opening up opportunities for their children's education. On a more basic level, people just want to live in areas where they have access to everyday amenities and infrastructure, " said Mr Cirelli.
"Our new (and existing) developments meet these needs and allow for suburbs to become mini-cities in their own right.
"The fact that we also specialise in medium density apartment living further enhances our credibility with local councils, as we strive to provide products that are convenient, good quality and contribute to the area they're in. We believe our 481 Highett, Wattletree, The Avenue and 19 Hall St developments will do this."
